EURUSD still bullish above 1.1290

The euro continues to trade above the 1.1300 level against the US dollar, with the single currency receiving a slight boost from better than expected EU PMI data. The EURUSD pair has a intraday bullish while trading above the 1.1290 level and may target towards the current monthly high. A move below the 1.1290 level will likely trigger short-term selling towards the 1.1260 level.

• The EURUSD pair is only bearish while trading below the 1.1290 level, key support remains at the 1.1260 and 1.1245 levels.

• If the EURUSD pair trades above the 1.1290 level, key technical resistance is found at the 1.1320 and 1.1347 levels.